• January spending weakness is temporary because consumers are about to get a big boost

    6 days ago - By CNBC

    Any signs of weak consumer in January's retail sales drop should be reversed by the benefits of the tax package.
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  • After months of flash sales and deep discounts, apparel prices spike the most in 3 decades

    6 days ago - By CNBC

    The Consumer Price Index on Wednesday revealed that apparel prices climbed 1.7 percent in January.
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  • Wall Street grinds out gains as investors digest mixed data

    6 days ago - By Reuters

    U.S. stocks reversed course to trade marginally higher on Wednesday as investors digested stronger-than-expected inflation data and a surprise drop in January retail sales, which shifted the focus from rising inflation to the prospect of stagflation.
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  • US business inventories rise more than expected in December

    6 days ago - By CNBC

    The Commerce Department said on Wednesday that business inventories rose 0.4 percent after a similar gain in November.
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  • CPI and Retail Sales Knock the Market

    CPI and Retail Sales Knock the Market

    6 days ago - By Crossing Wall Street

    Wall Street had been nervous going into this morning because today is the CPI report for January, plus the retail sales report.
    As it turned out, both were bad. The Dow futures lost 500 points in the blink of an eye. The dollar surged and Treasury yields dropped.
    Consumer prices rose 0.5% last month, while the core rate was up 0.3%. Both numbers were 0.1% higher than expectations.
    The WSJ :
    The increase in inflation last month was largely driven by higher prices for gasoline, shelter costs like rent, medical care, food and apparel.
    Wednesday's report showed wage inflation was broadly...
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  • Retail Sales decreased 0.3% in January

    Retail Sales decreased 0.3% in January

    6 days ago - By Calculated Risk

    On a monthly basis, retail sales decreased 0.3 percent from December to January , and sales were up 3.6 percent from January 2017.
    From the Census Bureau report :
    Advance estimates of U.S. retail and food services sales for January 2018, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $492.0 billion, a decrease of 0.3 percent from the previous month, but 3.6 percent above January 2017.... The November 2017 to December 2017 percent change was revised from up 0.4 percent to virtually unchanged.
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  • Wall Street falls as strong inflation data raises rate hike fears

    6 days ago - By Reuters

    U.S. stocks fell on Wednesday, after three days of gains, as strong inflation data fanned fears of faster interest rates hikes, while an unexpected fall in January retail sales raised concerns about economic growth.
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  • This new workout chain is taking advantage of the retail apocalypse to offer unlimited classes for $99

    This new workout chain is taking advantage of the retail apocalypse to offer unlimited classes for $99

    6 days ago - By Business Insider

    FitHouse is a new workout studio chain that offers unlimited classes for $99 a month.
    The first studio opens in New York in February, and 11 more studios are slated to open in the city in 2018.
    The company is taking advantage of a commercial real estate glut in order to keep costs low for customers.
    New Yorkers often spend an obscene amount of money on boutique workout classes.
    But this month, FitHouse , an affordable fitness chain, is launching in Manhattan with the hope of changing that.
    For $99 a month, members have access to unlimited classes in any of its studios. The first will open...
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  • Consumer prices jump much more than forecast, sparking inflation fears

    6 days ago - By CNBC

    The Consumer Price Index, a key indicator of inflation trends, jumped 0.5 percent in January, well above expectations.
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  • January retail sales post biggest decline in 11 months

    6 days ago - By CNBC

    U.S. retail sales unexpectedly fell in January, recording their biggest drop in nearly a year.
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  • This new workout chain is taking advantage of the retail apocalypse to offer unlimited classes for $99

    This new workout chain is taking advantage of the retail apocalypse to offer unlimited classes for $99

    6 days ago - By Business Insider

    FitHouse is a new workout studio chain that offers unlimited classes for $99 a month.
    The first studio opens in New York in February, and 11 more studios are slated to open in the city in 2018.
    The company is taking advantage of a commercial real estate glut in order to keep costs low for customers.
    New Yorkers often spend an obscene amount of money on boutique workout classes.
    But this month, FitHouse , an affordable fitness chain, is launching in Manhattan with the hope of changing that.
    For $99 a month, members have access to unlimited classes in any of its studios. The first will open...
    Read more ...

     

  • Germany boosts EU growth to fastest in a decade

    6 days ago - By Reuters

    Strong exports helped the German economy continue its solid upswing at the end of last year, and gross domestic product in Italy rose a quarterly 0.3 percent at the end of the year. Silvia Antonioli asks on whether political changes in both countries could impact the growth story in 2018.
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  • US core consumer prices up 0.3 pct., most in a year

    6 days ago - By Chron

    WASHINGTON - U.S. consumer prices, excluding the volatile food and energy categories, rose 0.3 percent last month. That was the biggest climb in a year and is likely to fan inflation fears in financial markets.
    The Labor Department says overall consumer prices rose 0.5 percent in January, the most in four months. Inflation rose 2.1 percent from a year earlier and core prices increased 1.8 percent. The increases were led by much higher clothing costs and more expensive car insurance.
    Both measures show that inflation is mostly contained, but the increase in core prices will likely make...
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  • Falling auto sales drive US retail sales down 0.3 percent

    6 days ago - By Chron

    WASHINGTON - Americans cut back on purchases of cars, furniture and a variety of other products in January, pushing retail sales down by 0.3 percent, the biggest decline in 11 months.
    The January decline, following no change in December, was the largest setback since a 0.5 percent fall in February of last year, the Commerce Department reported Wednesday.
    The surprise slowdown comes after a three-month stretch of sizzling consumer activity, from September through November, which had fueled the most robust holiday sales in a decade.
    The January weakness was larger than had been expected and...
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  • US core consumer prices rose 0.3 percent in January, the most in a year

    6 days ago - By Chron

    WASHINGTON - US core consumer prices rose 0.3 percent in January, the most in a year.
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  • US retail sales down 0.3 percent in January, biggest decline in 11 months, as auto sales fall

    6 days ago - By Chron

    WASHINGTON - US retail sales down 0.3 percent in January, biggest decline in 11 months, as auto sales fall.
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